Ukraine: Metinvest to invest 50 million UAH in lighting replacement at SevGOK

This year Metinvest will spend some 50 million UAH on the project to implement LED-lighting at the Severniy Mining and Processing Works. The old lamp replacement will improve the working conditions of the employees and will let save around 25 million UAH per year. At present the enterprise has a new lighting system at the…

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Ukraine: Ukrmetallurgprom and UAIP to cooperate

Ukrmetallurgprom and the Ukrainian Association of the Limestone Industry have signed a memorandum of cooperation. The memorandum presupposes the coordination of actions in relations with Ukrzaliznytsia, in particular, the pressure on the state monopoly tariff policy, which should take into account the interests of large clients. The parties will also share experience in implementing pilot…

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Russia: Petropavlovsk gold sales up in H1 2019

In January-June Petropavlovsk increased gold sales by 12% YoY, to 225.1 thousand ounces.

Dore gold output grew by 15%, to 225 thousand ounces. In particular, in Q2 the company produced 117.3 thousand ounces of gold and sold 117.5 thousand ounces.

The production forecast for this year is 450-500 thousand ounces of gold. (Ukrainian metal)

Russia: Mechel net loss down in H1 2019

In January-June the net loss of Mechel totaled 352.683 million rubles, down 22.3-fold YoY.

Revenue grew 1.6-fold, to 9.813 billion rubles. Gross profit increased 1.6-fold, to 9.795 billion rubles.

Sales profit was 9.039 billion rubles, up 1.6-fold. (Ukrainian metal)

Russia: raw copper imports up in May 2019

In May Russia imported 113.9 tons of raw copper, up by 100.9% MoM and by 0.1% YoY.

In 5 months imports dropped by 58% YoY, to 622.6 tons.

Since the start of the year in monetary terms imports have decreased by 53.9%.

In May import prices dropped by 10.7%, to $14.1 per kg. (Ukrainian metal)

Russia: Jewish Autonomous Region company to produce metal structures

Birobidzhan Metal Structures Works is finishing the construction of its main sandwich-panel shop on the Amuro-Khiginskaya territory of advanced development in the Jewish Autonomous District. Investments in the project totaled 937 million rubles. 40 employees already work at the plant, and 156 additional jobs will be created when the construction is complete. This year the…

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Ukraine: UGOK spends over 7 billion UAH on dividends

Shareholders of the Yuzhniy Mining and Processing Works have decided to spend a part of the 2018 profit to pay dividends.

The amount is 7.133 billion UAH, or 4.484251 UAH per ordinary share.

The decision was taken at the extraordinary meeting on July 19. (Ukrainian metal)

Ukraine: Metinvest gets loan to modernize Mariupol Ilyich rolling mill

Metinvest has concluded a loan agreement in order to purchase equipment to modernize the hot-rolling mill-1700 at the Mariupol Ilyich Iron and Steel Works. The equipment will be supplied by Primetals Technologies Austria GmbH. The loan has been provided by Oesterreichische Kontrollbank Aktiengesellschaft. The reconstruction will increase the 1700-mill capacity from 1.36 million tons per…

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Russia: Severstal-Metiz enters Scandinavian market with new product

Severstal-Metiz rebars have passed certification for the Scandinavian market.

Eurofins Expert Services has confirmed that the range of cold-deformed rebars with the diameter of 5 to 10 mm corresponds to the quality standards.

The certification procedure lasted for almost a year. (Ukrainian metal)

Russia: Russky Ugol output in Khakasia up in H1 2019

In January-June the Stepnoy Pit (a part of the Russky Ugol) produced 2.24 million tons of power-generating coal in the Republic of Khakasia, up by 9% YoY.

Coal processing grew by 20%, to 1.9 million tons.

The Stepnoy Pit was commissioned in 1993.

Last year it mined 4.2 million tons of coal. (Ukrainian metal)